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Using the following information: Accounts receivable Allowance 12/31/20 $537000 (36400) $500600 Cash realizable value During 2021, sales on account were $145400 and collections on account
Using the following information: Accounts receivable Allowance 12/31/20 $537000 (36400) $500600 Cash realizable value During 2021, sales on account were $145400 and collections on account were $99500. Also during 2021, the company wrote off $4010 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40000. Bad debt expense for 2021 is $3600. O $4010. 0 $7610. O $40000. Save for Later Attempts: 0 of 1 used Submit
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